Rockwood Market Hall
- Assets
- $16.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Gresham, OR
- Founding
- Data as of
- 12/2023
- EIN
- 85-2457884
Organization Overview
Rockwood Market Hall is located in Gresham, OR. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockwood Market Hall is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rockwood Market Hall generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE MANAGEMENT COMPANY, DEVELOP AND OPERATE THE ROCKWOOD MARKET HALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE MANAGEMENT COMPANY, DEVELOP AND OPERATE THE ROCKWOOD MARKET HALL. THE DOWNTOWN ROCKWOOD MARKET HALL IS A WELCOMING OPEN-AIR MARKET FEATURING MICRO-RETAIL AND RESTAURANT SPACES, MICRO-GROCERS, A COMMISSARY KITCHEN, RENTABLE COLD STORAGE, FLAGSHIP FULL-SIZE RESTAURANTS, AND OFFICE SPACE. OUR GOAL IS TO OFFER FRESH, HEALTHY FOOD OPTIONS TO OUR COMMUNITY ALONG WITH OPPORTUNITIES FOR ENTREPRENEURSHIP AND VITALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Monberg President | Trustee | 0.5 | $0 |
Tony Defalco Secretary | Trustee | 0.5 | $0 |
Roy Kim Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,037,480 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,270 |
| Advertising and promotion | $14,157 |
| Office expenses | $12,725 |
| Information technology | $9,003 |
| Royalties | $0 |
| Occupancy | $756,321 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $163,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,195 |
| All other expenses | $136,312 |
| Total functional expenses | $1,770,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,079 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $642,496 |
| Other assets | $15,979,261 |
| Total assets | $16,941,803 |
| Accounts payable and accrued expenses | $295,665 |
| Grants payable | $70,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $12,226,148 |
| Other liabilities | $5,993,536 |
| Total liabilities | $18,585,349 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,643,546 |
| Total liabilities and net assets/fund balances | $16,941,803 |